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Economic impact of ice storm to be significant

7:55 PM, Feb 13, 2014   |    comments
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ATLANTA -- The massive ice storm that swept across Georgia this week will have an economic impact on the region.

Most businesses and schools were closed for several days this week. With all those people at home or stranded at the airport, productivity is bound to suffer. Some estimate productive losses of up to $2 billion.

Airline losses were already estimated at $150 million in January.

Gov. Nathan Deal said officials are trying to tabulate the economic impact on the state.

"We do hope that a good bit of it will be on that matching share with the federal government, as they will help us defer some of that cost," Deal said.

Retail sales also suffered with so many businesses closed. With higher heating costs, consumers may have less to spend in the coming weeks.

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